Very Bad Credit Credit Cards

If you have very bad credit, and you are looking or trying to get a credit card, you may not be able to get the kind of credit card you are used to. That is a unsecured credit card. Basically, an unsecured credit card is the type of card that has no collateral attached to it other than your promise to pay. Having an unsecured credit card is a great tool but very bad credit credit cards are going to be hard to come by.

Enter the secured credit card…

Secured credit card

Two elements combine to create a secured credit card. First, a savings account must be set in the bank intends to issue credit cards. The withdrawal results in a savings to balance the reduction or elimination of the credit line. When the withdrawal of balance to the credit card is still the savings account can not be allowed at all. Deposits required may vary from $ 50.00 – $ 15,000.00. Read the rest of this entry

Where To Get A Personal Loan With Bad Credit

How do I get a personal loan with bad credit?

if you are looking for a bad credit personal loan, it’s important that you prepare yourself for the costs alone like this. Typically, a personal loan is an unsecured loan. This is different from a car loan or home mortgage because a car loan or mortgage is considered a secured loan. Basically the loan amount is secured by the asset in this case either a car or a house.

What were talking about personal loans, they are sort of like credit cards and that there is nothing to secure the debt. What this means is that the requirements for a personal loan are different than a secured loan. One of the biggest requirements for any kind of personal loan is having excellent credit. If you are going to try to get a personal loan, typically the bank is going to require a credit score of 700 or more. If you don’t have this kind of credit score, it may be tough to get a personal loan. Read the rest of this entry

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